Author: lbostgadmin
‘s Tiger Airways in $1 promotion
Mar 07, 2012 (LBO) – Singapore-based budget carrier Tiger Airways said it is holding a sale on flights to Jakarta, Kuching, Kuala Lumpur, Penang and Ho Chi Minh City until March 13, with slashed prices to 25 other destinations including Colombo.Budget carriers use promotional fares sold ahead online as part of their sales strategy drawing […]
Sri Lanka Royal Ceramic sells commodity broker
Mar 07, 2013 (LBO) – Sri Lanka’s Royal Ceramics Plc, a tile and sanitary ware group said it sold 12.75 percent of its 51 percent stake in Asia Siyake Commodities Plc, a tea broker, to Lanka Commodity Brokers Ltd.The first tranche would be sold after March 04 and the second tranche after June 11.The firm […]
‘s Mannar district aquaculture boosted by Japan
Mar 07, 2013 (LBO) – Japan will provide 8.2 million rupees to build a hatchery to produce fingerlings in Sri Lanka’s former war torn North Eastern district of Mannar, the Japanese embassy said.Japan will give 65,735 dollars as grant aid to Sri Lanka’s state-run National Aquaculture Development Authority of Sri Lanka (NAQDA) to build a […]
Sri Lanka war refugees helped by Japan
Mar 06, 2013 (LBO) – More than 98,000 war refugees who have returned to former war zones in northern Sri Lanka will be helped though a 4 million US dollar program funded by Japan.The Japanese embassy in Colombo said the project implemented through the UN Human Settlements Program (UN-Habitat) will benefit 98,120 villagers in Mullaitivu […]
‘s Allianz unit grows in 2012
Mar 06, 2013 9LBO) – Allianz Lanka, a unit of Germany’s Allianz insurance group said gross written premium in its life business grew 51 percent to 532 million rupees in 2012 and non-life premiums totaled 1,522 million rupees.Its life fund had grown 107 percent and policyholders given a credit (dividend) of 8.5 percent. Allianz said […]
Sri Lanka could cut carbon emissions 19-pct with green moves: ADB study
Mar 06, 2013 (LBO) – Sri Lanka could cut green house gas emissions by 19 percent by 2020 by increasing energy efficiencies and by using green power technologies, an Asian Development Bank study has said. Sri Lanka offers high tariffs for municipal waste energy but no firm project has so far come forward, with industry […]
Edu Fair
Mar 06, 2013 (LBO) – An education fair with the participation of institutions from Andhra Pradesh, Maharashtra, Karnataka, Uttar Pradesh and Tamil Nadu as well as a consultancy has opened in Sri Lanka’s Jaffna city, India’s High Commission (embassy) in Colombo said.The Indian Education Fair-2013 had been inaugurated by G A Chandrasiri, the Governor of […]
Road Finance
Mar 06, 2013 (LBO) – A 27 kilometre stretch of a in Sri Lanka’s central hills running from Haputale, Boralanda will built by a domestic contractor with finance from Hatton National Bank, the state information office said.The cabinet of ministers had approved a proposal to build the road with bank finance under a scheme where […]
Sri Lanka NSB hires HSBC, Citi, Barclays to lead manage bond
Mar 06, 2013 (LBO) – Sri Lanka’s state-run National Savings Bank has hired HSBC, Citibank and Barclays to lead manage an international bond sale of up to a billion US dollars, sources familiar with the deal said.In 2012 Sri Lanka sold a billion dollar sovereign bond and state-run Bank of Ceylon raised another 500 million […]
Sri Lanka Treasuries slightly up
Mar 06, 2013 (LBO) – Sri Lanka’s Treasuries yields edged up slightly across maturities and Wednesday’s auction with the twelve month yield rising 04 basis points to 11.14 percent, data from the state debt office showed. The 3-month yield rose 02 basis points to 9.11 percent and the 6-month yield rose 02 basis points to […]
Sri Lanka Finlays to target Middle East emigrants
Mar 05, 2013 (LBO) – Sri Lanka’s James Finlays Colombo Plc, a key exporter of tea to the Middle East said it would make more efforts to market its brands to migrant communities from the region in Europe, North America and Australasia. James Finlays said 84 percent of its tea exports were in consume packs […]
Sri Lanka bans ethanol imports
Mar 05, 2013 (LBO) – Sri Lanka has banned the import of ethanol from March 01, using import and export control laws, a notice on the website of the customs office said.The customs office said un-denatured ethyl alcohol of 80 percent strength and denatured spirits have been prohibited. Last year Sri Lanka expropriated two sugar […]